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GKN 2012 Profit Up 19%

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GKN (OTC: GKNLY) reported a 19% increase in its full-year profit.

GKN's 2012 pretax profit surged to 497 million pounds ($750.94 million).

Its revenue rose 13% to 6.9 billion pounds. However, analysts were expecting a pretax profit of 441.5 million to 536 million pounds.

GKN shares closed at $3.81 yesterday.

Posted-In: profitEarnings News


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